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Melita BreenPress Releases
Prime Minister Pham Minh Chinh meets President Ferdinand Romualdez Marcos Jr. in Indonesia on May 10. Prime Minister Pham Minh Chinh and Philippine President Ferdinand Romualdez Marcos Jr. agreed to raise two-way trade turnover to $10 billion through measures to facilitate the opening of markets for each other’s key exports, including agricultural products, food, and rice. During their meeting on …
Melita BreenVantage Point Articles
An observation we made last year was that the medium-term or secular arithmetic for energy was relatively straightforward. Resources are depleting fast because the easier and cheaper to extract have already been extracted. At the same time, the global population is still growing and therefore energy consumption is still expanding at a similar trend pace to recent history. In that …
Melita BreenPress Releases
2022 was a successful year for the Philippines’ fintech industry, which saw the government continue to support the sector through conducive initiatives, growing demand for digital financial services, and an overall maturing of the industry. Fintech activity also remained strong despite a year-on-year (YoY) decline, showcasing that investors are still very bullish on the prospect of digital financial services in …
Melita BreenPress Releases
Bangko Sentral ng Pilipinas (BSP) governor Felipe M. Medalla believes payment connectivity between the five largest economies of the Association of Southeast Asian Nations (ASEAN), namely Indonesia, Malaysia, the Philippines, Singapore, and Thailand, could be implemented within the next two to three years. The initiative will seek to deepen financial integration and facilitate inter-regional trade by enabling faster, cheaper and …
Melita BreenPress Releases
Here are the country’s latest market and industry highlights. Macro Movements: Forecast-beating economic growth in 2022 and projections for 2023 The Philippines’ GDP growth accelerated to 7.6% in 2022, the fastest growth in over four decades Fourth quarter GDP growth of 7.2% beat forecasts and brought full-year GDP expansion to 7.6%, above the government’s target of 6.5 to 7.5% and …
Melita BreenPress Releases
In this month’s inside look into the Philippines – Inflation in October soars to a nearly 14-year high; more interest rate hikes signaled. New measures implemented boost investments, allow 100% foreign ownership in renewable energy. Local conglomerates foray into the fast-emerging data center market. Retail tech startup Packworks to represent the Philippines at the 2023 Startup World Cup. Here are …
Melita BreenUncategorized
⚫️ Consumer spending fell 2.7% in 2Q versus prior quarter ⚫️ Slower growth puts central bank’s tightening pace in spotlight (Photographer: Veejay Villafranca/Bloomberg) The Philippines’ economic expansion was slower-than-expected in the second quarter as the fastest inflation in almost four years hurt consumption, which is a key growth driver. Gross domestic product grew 7.4% in the three months through June …
Melita BreenUncategorized
The Philippine Development Plan 2023-2028 (PDP 2023-2028) shall provide a roadmap toward unlocking sustained and inclusive growth for the Philippine economy despite the challenges brought by health, geopolitical, and other economic shocks. This is according to the National Economic and Development Authority (NEDA), which will spearhead the Plan’s formulation, oversee its implementation, and periodically report to the President and the …
Melita BreenPress Releases
Currently, Vietnam is one of the most dynamic start-up countries in Asia, an emerging digital ecosystem that is exploding with increasing funding from abroad… In 2021, Vietnamese startups raised a total of $1.5 billion, according to business consulting firm Nextrans Vietnam. In which, Fintech leads the way in venture capital (VC), accounting for 26.6% of total investment in startups in …
Melita BreenPress Releases
The startup was co-founded by Filipinos in their early 20s. Now, they’re modernizing the supply chain industry. Filipino-founded supply chain startup Expedock has secured $13.5 million (P747 million) during its recent Series A funding. This brings the startup’s total funding amount to $17.5 million (P969 million) as of 2022. Expedock’s Series A round was led by Insight Partners, and participating …